Deepwater Horizon

The Texas Supreme Court recently ruled on the extent of BP’s coverage as an additional insured. That ruling serves as a wake-up call for corporate counsel charged with negotiating commercial contracts.

The deal comes more than four years after an explosion rocked the Deepwater Horizon oil rig, spilling millions of gallons of oil into the Gulf of Mexico, killing several oil rig workers and causing irreparable environmental damages to the surround area.